Key Questions:

1. How at risk is Avery, North Carolina to the subprime mortgage crisis?
   1. There were significantly less subprime loans taken out by home owners in Avery, North Carolina than the national average in 2006. That is to say, Avery, North Carolina will be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Avery, North Carolina - 7.1% versus 12.0% - will reset to higher rates in 2008. This will mean that there will be less foreclosures caused by the reseting of subprime mortgages in Avery, North Carolina than other areas of the US.
2. How stretched will home owners in Avery, North Carolina be in paying off their mortgage?
   1. Homeowners in Avery, North Carolina borrowed an average of 1.20 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, a significantly lower risk that Avery, North Carolina homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Avery, North Carolina?
   1. The leading lenders, by market share, are Bank Of America, N.A., Wachovia Bank and Countrywide Home Loans. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Avery, North Carolina to actually live in them?
   1. 61.2% of home owners in Avery, North Carolina that applied for a mortgage in 2006 live in their homes versus owning them as an investment property. This compares to the national average of 89.0%.